New Evidence of the Systematic Looting of Africa

Zambia denied loan by IMF New Evidence of the Systematic Looting of Africa by an Increasingly Schizophrenic World Bank by Patrick Bond, originally published on Black Agenda Report, Feb 7, 2018 “’Sub-Saharan Africa loses roughly $100 billion of ANS annually because it is “the only region with periods of negative levels’ of gross national income.” A brand new World Bank[…]

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Venezuela crisis intensifies with default

by Wayne Delucca. originally published on Socialist Action Credit agency Standard & Poor has ruled Venezuela in default after the country missed $237 million in scheduled bond payments. This comes amidst an economic crisis with official inflation around 4000% and price increases well over 1000%. President Nicolás Maduro’s attempt to restructure is hindered by sanctions that stop U.S. banks from[…]

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